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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: Jim Willie CB who wrote (189)1/15/2003 3:09:07 PM
From: mishedlo  Read Replies (1) of 1210
 
biz.yahoo.com

Derrivative losses of a mere 1.88 Billion for the 4th quarter and $4.54B for the year. No one is concerned over this?
Not to worry us taxpayers will bail them out.

Fannie Mae said that the losses on these options amounted to $1.88bn in the fourth quarter, and to $4.54bn for all of 2002. In the fourth quarter of 2001, when the interest rate environment was more favourable - or at least less volatile - it recorded gains of $578m.

M
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